Dalek Thal@aussie.zonetoAustralia@aussie.zone•Rental affordability has gone from record highs to record lows in the space of three years. What went wrong?
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8 months agoHousing as an investment is what went wrong - we told a fucktonne of rich cunts that a return is a right when dealing with property, and so the moment interest rates rose, they forced us tenants to eat their loss. Guarantee you if and when interest rates drop again, they won’t pass on the savings though.
The thing is, businesses have a vested interest against wage growth, as wage growth is directly and totally incompatible with annual record profits - wage growth would eat into that.
Put simply, it’s a conflict of interest. If people with conflicts of interest ceased to be allowed to participate in conversations wherein they have that conflict, the world would be a better place.